Remmy
This is not my first derivative trade.
I have traded a number of different puts now, and whenever the trade has initially gone against me, in retrospect it would have been a very good idea (and very profitable) to add to positions.
THe difference between my style of derivative trading, and those of the mainstream (of which you belong) is that:
1. I trade over longer periods of time (with no quams about holding for a couple of months if required).
2. My decision to enter a particular oppie trade is primarily based on valuations (ie. when a particular share deviates far from what i consider to be fair value), whilst the majority (including yourself) trade primarily based on PRICE ACTION --- which is a short term, blind Freddie method of trading, imho.
See the difference ?
Those books are meaningless to me --- if i had listened to you and many others, i'd have sold out of CSLVT at around 50c...when in fact that was the time to add to positions !
PS. Thanks for your comments. It's always good to get a bit of debate going.
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